Michael Rubin: The One Mindset Shift You Need to Set Better Goals & See Patterns Before Your Competition

18 Dec 2023 · 49 min

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Podcast Notes: On Purpose with Jay Shetty - Episode with Michael Rubin

Podcast Overview Host: Jay Shetty Description: Conversations aimed at promoting happiness, health, and healing through interviews with various impactful guests. New episodes air every Monday and Friday.

Episode Summary Episode Title: Michael Rubin: The One Mindset Shift You Need to Set Better Goals & See Patterns Before Your Competition Guest: Michael Rubin, CEO of Fanatics

Key Themes and Concepts

  • Mindset Shift for Goal Setting: The episode discusses the importance of a mindset shift in setting ambitious goals and recognizing patterns in business.
  • Continuous Learning: Rubin emphasizes the necessity of ongoing learning and inspiration from others.
  • Overcoming Challenges: The discussion touches on resilience, learning from failures, and the importance of surrounding oneself with talented individuals.
  • Work-Life Balance: Insights into balancing a demanding career with family life and personal happiness.
  • Consumer-Centric Approach: A focus on how understanding consumer needs can drive business success.

Detailed Discussion Points

  1. Introduction (01:03)
  2. Jay introduces Michael Rubin and highlights his achievements and contributions to business and social justice.
  1. Pursue Your Passion for Entrepreneurship (02:50)
  2. Rubin shares his early experiences with entrepreneurship, indicating that passion drives success.
  1. Learning from People You Admire (05:05)
  2. The value of mentorship and learning from the successes and failures of others.
  1. Evolution of Entrepreneurship (06:42)
  2. Discussion of how entrepreneurship has changed over the years, particularly with the rise of technology.
  1. The Biggest Mistake in Building a Brand (12:16)
  2. Rubin warns against the dangers of complacency and settling for easy goals.
  1. Love What You Do (14:45)
  2. Financial success is often tied to personal enjoyment and passion for one’s work.
  1. Pattern Recognition in Success (17:32)
  2. The ability to identify trends and patterns as a crucial skill in business.
  1. Finding Incredible Talent (19:01)
  2. The emphasis on hiring the right people and building a strong team.
  1. Routines for Productivity (23:42)
  2. Michael discusses his daily routines and habits that enhance his productivity.
  1. Defining Your Worth (25:24)
  2. A conversation about self-value beyond financial metrics.
  1. Turning Negatives into Positives (29:01)
  2. Strategies for transforming challenges into opportunities.
  1. Setting Billion-Dollar Goals (34:01)
  2. The significance of setting ambitious goals and pursuing them relentlessly.
  1. Balancing Family and Career (35:23)
  2. Insights into maintaining family relationships while pursuing a demanding career.
  1. Prioritizing What Matters Most (38:22)
  2. Discussion on the importance of focus and prioritization in life and business.

Conclusion (42:23)

  • Rubin shares final thoughts on the episode, emphasizing the importance of mindset, passion, and resilience in achieving goals.

Key Takeaways

  • Embrace Failure: To succeed, one must be willing to fail and learn from those experiences.
  • Seek Continuous Improvement: Always strive to better oneself and one’s business practices.
  • Value Relationships: The significance of having a strong support system and learning from others.
  • Goal Setting: Setting high and audacious goals can lead to greater achievements.

Episode Resources

  • Social Links for Michael Rubin:
  • [Instagram](https://www.instagram.com/michaelrubin)
  • [Twitter](https://twitter.com/michaelrubin)
  • [TikTok](https://www.tiktok.com/@michaelrubin)
  • Organizations and Platforms:
  • [Fanatics](https://www.fanaticsinc.com/)
  • [Reform Alliance](https://reformalliance.com/)

Closing Remarks Jay Shetty underscores the importance of listening to the podcast episode for personal growth and motivation. He encourages listeners to engage with the content and share insights from the episode.

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Transcript

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0:00This is an iHeart Podcast.

0:06Okay, question. What is the best and worst way to communicate with friends? Obviously, messaging. I mean, it's great, but it can go off the rails. There have been times I opened up a group chat and saw 200 messages. And by the time I caught up, I still didn't know what the plan was. Well, WhatsApp can help. First, you can message privately with everyone. And you can edit messages, create polls, do pin messages and send invites. Plus photos and videos look better. It's time for WhatsApp. Message privately with everyone.

0:44Lowe's knows that rewards members get more. That's why when you sign up for My Lowe's Rewards or My Lowe's Pro Rewards today, you get member deals, points and more. Plus, you get free standard shipping starting at Silver Key and Goal Pro status. Savings for rewards members add up fast, so why wait? Become a rewards member for free and get more savings today. Loyalty program subject to terms and conditions. Details at lowes.com forward slash terms. Subject to change. This is Jay Shetty from On Purpose. If you've ever felt off balance, sometimes a change of scenery is the best reset. Delta invited four creators to explore one idea.

1:33What if travel isn't just movement, but recharging in motion? And the results? Based on their Oura Ring sleep scores, everyone met the day feeling more rested. And a sense of clarity stayed long after the trip. With Delta, fly and live better. Explore the whole journey on Delta's YouTube channel Mental health is now talked about more than ever, which is awesome I mean, I don't have to tell you that it's a primary focus of On Purpose But on a day-to-day basis, many people don't know where to turn or which tools can help Over the past couple of years, I've been working with Calm to make mental wellness accessible and enjoyable Or as I like to say, fun and easy Calm has all sorts of content to help you reduce anxiety and stress Build mindful habits, improve sleep And generally feel better in your daily life So many bite-sized options from the most knowledgeable experts in the world Along with renowned meditation teachers You can also check out my 7-minute daily series To help you live more mindfully each and every day Right now, listeners of On Purpose get 40 % off a subscription to Calm Premium At calm.com forward slash j That's C-A-L-M dot com forward slash J-A-Y For 40 % off Calm your mind, change your life I don't give a f*** about my network So many people tell me I've got this great idea But I don't want to hear about but Like let's go for it Part of being an entrepreneur is to have the courage to fail If you're afraid to fail you ain't gonna do s*** The global sports company Fanatics You heard of it?

3:08Yeah, yeah Founder and CEO Michael Rubin Welcome back sir I've seen death in its eyes I've almost gone bankrupt multiple times There are so many things that I should not have succeeded at, but I have because I won't quit. If you set goals that are easy to accomplish, then you're actually saying you want to fail. Before we jump into this episode, I'd like to invite you to join this community to hear more interviews that will help you become happier, healthier, and more healed. All I want you to do is click on the subscribe button. I love your support. It's incredible to see all your comments, and we're just getting started.

3:40I can't wait to go on this journey with you. Thank you so much for subscribing. It means the world to me. The best-selling author and host. The number one health and wellness podcast. On Purpose with Jay Shetty. Hey everyone, welcome back to On Purpose, the number one health podcast in the world. Thanks to each and every one of you that come back every week to listen, learn and grow. Now you know that my goal here and intention is to talk to people from different backgrounds, different walks of life, people who've achieved impact in their own life and are having an impact around and across the world.

4:12People who are motivated to do better, be better and give back. And today's guest is someone who's doing exactly that. Probably not as fast as he would like, I've just learned as well. I'm talking about the one and only Michael Rubin, an entrepreneur, philanthropist and social justice advocate. Michael has built several multi-billion dollar direct-to-consumer companies. Michael's CEO of Fanatics, a global digital sports platform that is reimagining the fan experience across many different businesses. Michael's an advocate for criminal justice reform and the co-chair of Reform Alliance, an organization that includes some of the biggest names in sports, business and culture that's dedicated to advancing criminal justice reform and eradicating antiquated probation laws that perpetuate injustice in the United States.

5:00Michael was named Sports Business Journal Executive of the Year in 2022 and has also been named to the Bleacher Report Power 50 list of most influential people in sports. Welcome to On Purpose, Michael Rubin. I'm happy to be here. I've watched what you've done, admire what you do, and you've got such an incredible following and just huge respect for you. Well, thank you. The feeling is very mutual. It's been amazing watching you from afar. And I've always been fascinated and drawn to people who've built incredible businesses and then used their platform for impact because growing up, I didn't see a lot of that.

5:32Growing up, I either saw people build businesses or have an impact. And so when I see people doing the same, it's exactly the values I try and live by. And I love watching it. So thank you for going down that line. But let's dive straight in. I want to ask you, Michael, what was, you know, you're such a successful business person. What was your first ever job that you ever had in life? So for me, I think a lot of people know the story. I was a terrible student, you know, barely made out of high school, went to college for less than a semester. As bad as a student as I was, I was honestly a worst athlete.

6:01Like I was just, I wasn't coordinated. I wasn't a good athlete. The one thing I was always good at was working. Like I loved business from the time I was a kid. So everything I remember about being young was working. So my first job was that I can remember was probably eight years old. I probably had like five different side hustles. I mean, I was selling trading cards, you know, by the way, not to my friends, but to my friend's parents, because they had the money. I was, when it would snow in Philadelphia where I grew up, I would get five kids to do the snow shoveling. I would go door to door and actually sell the snow shoveling.

6:29And I was selling vegetable seeds door to door. I was making stationery on the Apple II Plus and selling it. I mean, I was just like, I was the real entrepreneur. Like it's what I was good at. It's what I like doing. And so I had so many different jobs as an eight-year-old. But I mean, that's like when people say, you know, how long you've been at it, it's crazy. 43 years. I've been doing this since I've been eight years old. Wow. And when you were doing that, was there any inspiration? Was it just you wanted money? What did you want to buy? What were you doing with that? Like what excited you about it?

6:55I don't think for me, even at eight years old, it was ever about money or wanting to buy things. I think it was always about doing what you're good at. And for me, knowing that I wasn't good, like I had a lot of learning challenges. I mean, as a kid, like I had every, you know, person to try to help me with all the things I sucked at, whether it was athletically or, you know, it was just like, I just, I wasn't good at sports. I wasn't good at school, but business was what I was good at. So I just always gravitate to that. I think that's a good thing. Like you should always figure out how to do things that you love.

7:24you should figure out how to do things that you're good at and kind of double down on that so that's always been my whole life how did you know that at eight because i feel like most eight-year-olds today obviously playing video games back then they were probably watching tv maybe they were out riding a bike like how did you know that you were good at this and i think it's something for me i was born with like i was born with that entrepreneurial hustle i think i came out of the womb like just you know wanting to be an entrepreneur like just loving the hustle and you know to me you know i've been at this a long time i work harder than i've ever worked today I love it's an honor to do it's fun it's an opportunity like I'm never tired I'm never worn out like I'm just always I just want to go yeah can it be learned can you teach people to hustle and grind and develop that mindset or is it born with as you are so I think I was definitely born with it that said I do think you know for me the way I learned is by being a sponge from people so I'm always picking things up from different people like if you just look at the diversity people I have around me like I'm always taking so much learnings from them to you know be better and what I do.

8:20And I try to give those back. So yeah, I think you can definitely learn a lot of this stuff. Just find people you respect, find people that you admire, find people that you wanna be like and then take the good from them. And by the way, figure out what they do that you don't like and ignore that. Like I see good and bad in each person. I try to take the good and learn from the bad. And same thing with me. I've got lots of bad habits. I mean, like I'm myself, that's right. That's all I ask for. That's all I ask for. There is no judgment here. There's no, it's a safe space. I just want people to be their authentic selves.

8:47And so please continue to be yourself. And what's, so I love that idea of learning from people, being a human sponge. What's the most recent or most memorable thing you think you took away from someone, a conversation, a moment, something you read or heard or learned? Was there anything that kind of stuck with you? Yeah, for sure. I mean, look, I'm in LA for the week. I'm doing six to 10 meetings a day in my house. And, you know, two of the people I met with in the last two days have been through some real challenges and just watching the challenges that they've been through. I'm like, okay, I need to be that much more careful about how I conduct myself and everything that I do.

9:22So to me, I'm always taking learnings away from people. I think if you're not, like, you know, you have no chance of like, you know, getting better at what you do. I mean, it's like, life is no different than sports. You just gotta keep getting better at your sport. And so to me, I keep working at everything I do. Yeah, what do you think? Obviously now, like when you started 43 years ago at eight years old, entrepreneurship wasn't as touted as this incredible opportunity. It wasn't touted, it was actually weird. right like to be clear like i was a nerd like like that i loved business like entrepreneurialism came cool really around technology like i i don't think it became cool till almost the the from my perspective i think it was that really the the birth of the dot-com era yeah you know kind of late 90s is when entrepreneurialism became cool i think before that was kind of nerdy and weird so i was definitely born before it all yeah and i'd say even after the financial crisis in like 2007 seven, eight, like that recession, which is because I grew up in the era where we still aspire to be investment bankers or consultants.

10:18So when I was at college or when I was growing up, that was seen, if you were into business, my goal was to go into that world because that's what I aspired for. Whereas I think the generation after me and the one after me, they were like, I'm not going to go work for someone. I want to build something on my own. I think that's amazing. For me, I love, one of the things that I'm fortunate enough to do is really, I think in a lot of ways, you know, encourage entrepreneurialism. And, you know, one of our biggest businesses, the collectibles business, which is trading cards and memorabilia, and that's all about entrepreneurs.

10:44There's so many entrepreneurs in that business. It's probably the business in a lot of ways that I, I actually relate to all three of our businesses, but it's the business that's maybe the most relatable for me because I grew up selling trading cards as an eight-year-old, but also it's all about entrepreneurialism. Talk to me through that business because, so I remember, so back in London, obviously, where I grew up, I collected football stickers, right? Soccer stickers. So that's what we'd have. You'd have the spread with all the Premier League clubs and you'd collect the little stickers. And that was a big part of collectibles.

11:11How has that industry evolved as technology has grown? Or has it stayed the same? Were people still collecting cards and like Top Trumps and things like that? Yeah, well, I'll say we got into the business about three years ago in a really significant way. And today we own Topps, which is the kind of preeminent brand in trading cards. I'd say that until our arrival in the industry a little less than three years ago, I said there hadn't been a tremendous amount of innovation. there hadn't been a tremendous amount of marketing. You know, we kind of looked at the business and said, wow, like this is such an incredible collector base, such an incredible fan base, yet it hasn't changed for like decades here.

11:46And you go to, you know, the big trading card show where there's more than 100 ,000 people that come to Chicago this past summer. It's called the National Trading Card Show. Yeah, it looks like something from 20, 30, 40 years ago. So for us, that just meant opportunity. It meant if you actually make innovative products, you actually really market these products, you build a better consumer experience and bring people forward into 2023 like what an opportunity so for me like we do that in all of our business like i like we love finding great opportunities big challenges and kind of being unrelenting about going after them yeah how has that changed how has that practically changed like are people still buying cards and trading physical cards the biggest part of business in a lot of ways very similar to art but i can tell you like just as one quick example this year you know our team came in and actually the ceo of our business mike man said hey i got a great idea every time a player debuts for the first time i want to put a patch on their jersey and then as soon as they get done the game i want to put that patch off and put it in a one-on-one trading card so you have the card from from the first so think about for for us you know maybe i grew up in the michael jordan era had i had you know michael jordan or yeah if i had michael jordan or cobe's first one-on-one cards yeah that could be the the most valuable keepsake that i could ever have and so you know that innovation like for us it was really simple like yeah why would you not want to put a patch on someone's jersey stick it into a card and make this a one-on-one card but no one did that until we created it and by the way it's already live we came up with the idea this past december it wasn't it was live in in april with all baseball players gonna be three to four hundred baseball players debut this year you know with this debut patch that we put into a one-on-one card so that's just like one of dozens of examples of innovations because you have to be aggressive like we have to be great entrepreneurs we have to push whatever we do yeah no what i love about that though for everyone who's listening is i think we're stuck in this world now that believes that all innovation has to be digital or technological or virtual or some sort of, you know, AI, whereas this is like the most tangible physical change, but it's still so valuable because it's what people want.

13:40Look, we're in three business there. First business where we started is what we call Fanatics Commerce. That's a merchandise business. We own Lids, the retailer. We own Mitchell Ness. We own Fanatics, which operates, you know, obviously all of the different league, you know, the NFL shop, the NBA store. and we sell more than$6 billion of mostly fan apparel and headwear, okay, about more than 100 million units of merchandise a year. That's a very physical business, okay? But AI is helping us to do things more effectively. In the collectibles business, AI is going to help us to be more effective.

14:11And then our third business is the online sports betting and iGaming business. So for me, we still do a lot of physical things, but there's so many things in the digital world that help us to be better. Yeah, no, but I love that collaboration and thinking about it that way because sometimes the greatest value to someone is a physical change, but you're learning that through the AI. I still want to wear my Kobe jersey. Yeah, exactly, exactly. I want my Bron card. Yeah, that's the same thing. I'm still buying, I support Manchester United. That's my soccer team and I'm still buying, you know, soccer jerseys every single year.

14:38Well, we appreciate that because that's a fanatic side. That's a fanatic store. Even though I absolutely, even though we absolutely suck right now, but it's, you know. But that's what being sports fans about. Sometimes you're going to have great years and you're getting those championships and other times you're going to suck and you got to stay with your team. You gotta feel the pain. I'm a real fan now. I grew up as a glory hunter because we just won everything. And now I'm going through real fandom of 10 years. We're gonna test you now. We're gonna see what you're made of. Are you really committed to Man United here?

15:02Yeah, I'm being tested right now. I'm being tested. But we were talking about people not being, entrepreneurship not being touted when you started. When you look at it today, now it's become the cool, sexy, interesting, fascinating thing for people to wanna try. It's not necessarily things people are good at, like you said you were. it's not necessarily a skill that we honor or give it the kudos that it deserves what are the mistakes people are making when they think about being an entrepreneur today well first of all entrepreneurialism isn't for everybody but if you think it's for yourself you better go out there and try it put your best foot forward you know for me look the biggest mistakes i see people make in building a business are kind of a couple common themes one is first you have like are you even going to take the at-bats so many people tell me i've got this great idea but like i don't want to hear about but like let's go for it let's if you have an idea you want to do something you know i love the story you were just telling me before we went on here that you came over here and you know you worked one place for six months then you're like i want to go out and do this you went out and did it like part of being an entrepreneur is to have the courage to fail like you just have to go out there and try and by the way when you fail which many times you will you're going to learn from that failure you're going to grow from that failure you think the best you talked about kobe being your favorite, you know, athlete.

16:15Well, guess what? How many times did he fail and then he got better and he pushed through it? And so that's what being an entrepreneur is. So from my perspective, it's really all about first and foremost, if you have something you want to do, if you believe in it, go for it. Don't worry about whether you succeed or not. Go out and take the swing. And if, guess what? If you strike out, if you fail, just go back again. And I know some people are gonna say, oh, well, he's really successful now, so it's easy to say. But I gotta tell you something. I've like I've seen death in its eyes you know I've almost gone bankrupt multiple times you know I've had epic failures and every one of those led me to be better in what I do so that's my first thing second thing I'd say is you need great people around you to succeed like whether it's great people you're learning from that you want to be a sponge from whether it's you build a great team to do what you do like I know for fanatics we have 18 ,000 people that get up and go to bed obsessed with how do we improve the fan experience each day but like I collect and work with the best people on the planet.

17:08Like if you don't work with great people, you will fail. Like you can't win a championship if you don't have great talent, but that talent also works, needs to work together. And then the last thing, and this will sound corny, but like have fun in what you do. Like I love what I do. I have the greatest, you know, job in the planet. I get to wake up, you know, work 18 hours a day, go to bed thinking about, you know, what's next. I dream about my work nearly every day. Like I'm having work dreams all the time because I'm obsessed with what I'm doing. It's like, it's, it's fun. It's like, I should pinch myself.

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18:51The risks they took would be unthinkable to any doctor today, But odds are, someone you know is alive because of them. Welcome to the Wild West of American Medicine. I'm Chris Pine, and this is Cardiac Cowboys, a podcast that tells the gripping true story behind the birth of open-heart surgery and the maverick surgeons who made it happen. It changed the way we live. It changed the life expectancy of people throughout the world. I should be dead. The repair that he did when I was six years old saved me. A ragtag group of surgeons united by a common mission. Some appeared on the cover of Time magazine, operated on kings and advised presidents.

19:35Others ended up disgraced, penniless, convicted of felonies. Together, they ignited a revolution in medicine. It's as if a man landed on the moon and nobody even told the story, except this is more important. Listen to the Cardiac Cowboys podcast starting February 6th on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Yeah, absolutely. No, I love hearing that. And I think, you know, what's fascinating to me as well with being an entrepreneur, you know, my story was very different to finding my way into entrepreneurship. I grew up thinking I had to have a steady job because that's how I was raised by good Indian immigrant parents who made me academically astute.

20:14And so I was a straight A student, did first class at uni. Like I was always good at that. And then I got into a job afterwards after my own detour. And when I finally got into a job, I was just like, this doesn't feel right. Like this doesn't feel like this is going to use my skills to the best of my ability. This doesn't feel like I'm going to propel and do well and become my best version of myself. It wasn't about money or what I thought I could win at. It was, I just don't feel this is going to complete me or make me feel like I'm winning in the way that I can. Listen, the most important thing is enjoying what you do every day.

20:48I'm going to tell you something. I know a lot of people that have been really successful financially and they're miserable. You know what? They don't love what they do every day. They're not happy. Like for me, I don't think about financial success. I think about like just loving what I'm doing. Now, financial success can tell you, are you winning or losing? That's your report card. That's the scoreboard, right? Good financial results means you're winning. Bad financial results means you're not winning in the current moment. but for me like i just want to love what i do every day i i can agree with you more i want to wake up and do what i love every day which is why i do this because i get to sit down with fascinating people pick people's minds and then we each learn from each other absolutely absolutely i guarantee i'll learn i'll leave here today having picked up some things from you and you'll leave from here oh i'm definitely gonna yeah that's the way it works that's the way like we should all be students of each other yeah absolutely who's who's the randomest person you've learned from i wonder like who's the most curious random intriguing person that we wouldn't expect for you to learn from like not like a business mogul or a you know someone like that but someone you're like you know what that person i didn't expect to learn from them but i did is there someone like that comes to mind i could give you a thousand examples i mean i could tell you when i used to be part of the ownership group of the philadelphia sixers i'd walk through the arena and i would ask lots of arena workers what's going on here today you know what's working what's not working like you know you can pick up things from everybody i could i could walk through the street look at what someone's wearing say hey where'd you buy that is that a good do you like that you're not like that like i'm always asking questions so you know for me i i mean that's pretty random if you just walk up in the street and ask somebody you know where'd you buy that why'd you buy it do you love that what so i'm always picking things up i'm watching the way trends are changing with people i'm probably the most unique thing about me is the diversity of friends that i have and i'm learning from the people around me every single day yeah i think that's the only way you understand the pulse of human behavior right it's like asking questions watching patterns.

22:37I think pattern watching is an ability, whether it's an algorithm, whether it's the stock market, whether it's crypto, whatever it is for people, watching patterns is such an unbelievable skill. Would you say that's a skill that you've honed and developed and built? Well, I think it's a really important skill in business because I think it's very predictive of the future. Okay. So the reality is when someone comes in and I'm interviewing a top executive for a role in one of our businesses and they could seem great. And then I'm going to go out and I'm never going to ask anybody for a reference ever.

23:07I've never asked somebody, Hey, can you tell me who to call? Like that's the, you asked me for reference on myself. I'd call each other's people and say, Hey, I gave you as a reference, make sure you say great things about me. Right? So the reality is I'll interview somebody. The first thing I do is if I like them, as soon as they leave, I go out and I start calling people that I knew we had in common to recognize patterns. Okay. Because to me, 50 % is the interview and 50 % is what I learned behind the scenes and that's probably the more important 50 because someone can blow me away and then you know you'll find out one minute that person sucks that person people don't like working with them or you can find out that person was a little bit understated but they're a beast you know they've got huge followership um they're super smart they've got an unrelenting work ethic so to me pattern recognition is everything i use in everything that i do by the way i use pattern recognition when i go play blackjack with my friends you know there's three types of cards you're going to get cards are either going to be you know you're either streaking hot you're drinking cold or you're kind of in between and you know when you're cold you should not do what sometimes i'll do if i'm misbehaved which is be aggressive when you're cold because you got you got a pattern going on so you got to recognize patterns whatever you do i find it fascinating how super powerful entrepreneurs hire and fire and recruit and you know reward and retain people what have you found when you're interviewing someone i feel like you must have interviewed so many people over the years for huge positions small positions in the beginning what are you looking for and how are you finding out apart from the second part which i love calling up people that you have in common what are you asking what are you looking for and how are you making sure you find it in that very date-like format so let me say first of all and this will i think shock you i still probably spend 10 to 20 percent of a 70 to 90 hour work week interviewing people okay so i am a beast on finding great talent for within our companies because to me you can't win without great talent so it is probably the thing or one of the things i spend the most time on is the quest for incredible talent i'm looking for first does someone have the subject matter expertise and the intellect to be successful in what we want them to do and then two do they have the leadership skills, because generally I'm interviewing people that are either going to work for me or someone who's going to work for someone who I work with.

25:28So let's say the top 50 to a hundred people within our, our 18 ,000 people. So I'm looking for people that are going to be real leaders, um, that are going to, you know, share the same values that we share. I'm looking for people that can be with us for a long period of time. Like I don't want people that want to come in and be with us for three years. I want people that want to come, like, I like people want to be with us and build their careers with us for maybe their entire life. You know, we want people that are just going to be, you know, and also people that are going to like just they're gonna figure out how to win they're gonna put it on their shoulders they're gonna be unrelenting like that's my personality like there are so many things that i should not have succeeded at but i have because i won't quit okay and so so i think those are some of the things that i just rambled you that i care about no no i i love those and i guess the thing about not quitting is really interesting right because you've got this unrelenting you can see it in the way you speak in your eyes like i've just spent a few moments with you we've never met before today and I can fully see that it is just at the core of who you are and you probably find that you can push people and they may not be able to go as far every time because they may not have that same energy in them so how have you found that balance of like seeing someone who you know has the potential you know they have the skills but it's almost like they're like Michael I already went seven times and you're like yeah dude we're gonna go 17 because I know at 17 we're gonna get there Yeah, I think the people that are in my real inner circle, you know, I have six key executives that I work with day in and day out.

26:52The people that run my three businesses, the online sports betting and iGaming business, the commerce business, which is merchandise, and the collectibles business, which is trading cards and memorabilia. These businesses and then my three corporate executives, like they have that same mentality. I wouldn't want to work with anyone that didn't have that mentality of like, you know, because they're saying the culture for the entire 18 ,000, you know, employees at Fanatics. And so to me, people don't share our core values. You know, they don't believe in what we believe in. There's probably not going to be the right fit.

27:24They could be a great human being, a great individual, just not be right for us. Do you ever take a break? Have you ever taken a break? To me, I don't understand work-life balance. It's just, it's not who I am. So I'm not going to apologize for it. And I know I sound like if people get listened to say like this guy's a little bit deranged and, but I am who I am. I know like, I know what I'm good at and I know what I like doing. I mean, it may shock you, but I fully relate to it. Like to me, it's, I, you know, I think people. I appreciate it. I'm trying to get more people to, you know, try to get more people to not look at me like I'm crazy.

27:52And I would agree with, I feel exactly the same way. Like this week, and this is my average normal week. I have morning hikes where I'm out with people that I work with, but I love them and I enjoy their company. They're not people I have to work with. They're people I enjoy working with. So I'm having a hike meeting in the morning, which is, you know, 7.30 a.m. Then I'm at work, whether I'm doing this or whatever I'm up to, whether I'm recording meditation. So sometimes I'm alone in a studio and sometimes I'm with people. And then I have meetings. And then I've been having dinner meetings too.

28:19And I love it. I wouldn't have it any other way. I've had the best interactions. I'm getting to know the best people. I know their families. I know they're getting to know their kids, their spouses, whatever it is. And to me, it's like, this is what I want life to be. I actually don't look at life as work and life. Like I don't have that disconnect. And I actually think that when you look at life as a disconnect, that's when you think you're taking away from the other. And that's what creates friction. I also think if you do what you love to do, it almost breaks those barriers down. Totally. Yeah, no.

28:47So I'm actually more on your side than people may think. I'm a big fan of having my daily routines and habits that make me the best version of myself. Like obviously meditation, working out, there are certain non-negotiables. Are there things in your day that you do that are your routines that may not be those things, but things that you're like, you know, this one thing that I do per day, this makes me feel great. It's probably centered around work, if I'm going to be honest with you. I mean, I was always pleasantly plump until my journal came out. So now that my journal's came out, I've gone from 210 to 160.

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29:18I'd say working out is more important to me. You know, when you're 210, it's harder to work out. When you're 160, it's much easier to work out. So you live here in the Top of Runyon. And, you know, for me, you know, kind of hiking to the Top of Runyon, you know, I've done that once already this week. I'm going to do it again tomorrow. Like I love doing it. Like it's a, it's a blast for me. Working out is actually something that is becoming good for me because it's the one thing that lets me get a little bit of a mental break. Putting my phone down sometimes I can be so addicted to my phone. It's just like, I just need like sometimes at dinner when, you know, my family has dinner, just like put my phone down for 20 minutes.

29:51That's a good thing. So I'd say things that have helped me of late have been, you know, getting those three to four workouts in per week because it does give me some mental clarity. I'd say putting my phone down 20 or 30 minutes a day when I'm just not going to look at it and say, okay, like give me a mental break. Cause I think you could just become so obsessed that it's almost, it's bad for you. And then you become less effective. Probably the biggest routine I have of us said like, let's keep it real. It's going to be the people that I work close with. It's talking to them all the time. I'm always just like peeling the layers back on what we're doing.

30:25So like any of my top leaders I'm on the phone with, on Zooms with, meeting with in person all the time, because that's the way we're just like building the best business. Yeah, absolutely. And I do believe that it's what it takes for the level of success that you've achieved. I wonder, you know, if you Google your net worth, it says 11 billion, it could be more, probably is. How do you define how much you're worth? I don't. I'll tell you a story I probably shouldn't say. God, this is blowing somebody up. I shouldn't blow up. Like Forbes reached out and they said, hey, we want to put you on the cover of Forbes for the Forbes 400.

30:56I'm like, no, I don't want to be known for my net worth. I want to be known for building a great company. By the way, there's so many things with our company that we suck at, that we need to be better at. Like, I want to be, like, the way I look at it is I'm a big startup and I want to make sure that I'm always fighting to be better in everything we do. And in everything we do, I want to build what we make better for the fan. And we have so much to do to accomplish that. So I don't want to be known about money. I don't want to be known, I want to be known about making the world a better place or making my company better.

31:22Those are honestly, you know, the two things I'm maniacally focused on. I believe it. I believe it. I genuinely do. And I think that's - I'm not in a competition for like - Totally. It's irrelevant. My life is not changing financially based on anything that happens going forward. I'm fortunate that I'm in a nice position today. So to me, the thing that gets me most exciting is winning in business because that's my sport. That's what I'm good at. And so I look at each business and I look at not all the things we do right. I look at all the things we do wrong and all the things we can be better at.

31:52And so I'm always saying, how can we improve in everything we do because guess what there are a lot of things we need to be a lot better at and that's what i'm focused on and then you know up front you talked about kind of giving back it's interesting i never ever cared about making a difference in the world until i had an event in in 2017 that that changed my perspective before that i would just always write checks you came and said hey i'm doing this hey let me give you a check to shut you up as quickly as i could because i didn't care i just want to focus on work and then my eyes got open which is what people say like hey should i behind this i said do what's authentic do what's real and you know for me that's kind of how my life is kind of you know evolved yeah and why was it i believe it was meet mill who introduced you to criminal justice well it wasn't i mean everyone knows the story at this point yeah you know you know me got um you know sent to prison for two to four years for popping a wheelie on a motorcycle he the smartest thing he did for both of us was say hey can you come to court with me that day and when you see what happens when a black person goes to court i didn't like even understand what he was saying and then you know i watched him get sent to prison for two to four years for not committing a crime for popping a wheel on a motorcycle.

32:55Like that was the most uncomfortable thing that's ever happened to my body. Cause it was like, I'm used to being in control. I'm a strong business leader. I'm used to leading. And now I had a judge who sent him to prison for two to four years for not committing a crime for popping a wheel on a motorcycle. And it was like the most out of body experience I ever had. And so once he ultimately got out of prison and we started the Reform Alliance, you know, for me, you know, I learned a really valuable lesson because a lot of people told me, don't get involved with this, don't get involved with him, you're gonna hurt your business, you're gonna hurt the Sixers.

33:26And I just went with my instincts, which is like, this is my brother and like, he needs help. And by the way, Jay-Z and Desiree Perez from Rock Nation stepped up in a huge way. Like, you know, it was kind of us collectively. But like, I've had a couple experiences in the last four or five years where we've done things where people told us would be bad for business, bad for us. And we didn't care, we did what we thought was the right thing. And you always get paid back in karma. Like that is something I've learned in the last five years. Probably the biggest thing I've learned in the last five years, you know, don't worry about what people tell you is going to be the right outcome.

33:55You do what you think is right. If you do what's right, you know, it generally works out. Yeah, no, and I'm glad you repeat that story. There may be some of our audience who may or may not be aware. So thank you for sharing that. And I wanted them to hear it from you because it's so interesting when something becomes so personal, when it happens to someone that's so close to you, the issue almost becomes so much more relatable and easier to access. For you, what have been some of the most, like I loved what you said like the moment you walked in here I was telling you how much I've appreciated the impact work you're doing and you're like we're not doing it fast enough there's more to do you know and I love that like that's exactly the energy you need to have so walk me through the wins that have been there that have shown you that you're doing the right thing and then walk me through what are the issues that you're still trying to solve and figure out parking shouldn't slow you down ParkWiz gives every driver a shortcut book ahead save up to 50 % and skip the hassle of circling the block Park smarter.

34:49Park faster. ParkWiz. Download the ParkWiz app today and save every time you park. I'm Jonathan Goldstein, and on the new season of Heavyweight, I help a centenarian mend a broken heart. How can a 101-year-old woman fall in love again? And I help a man atone for an armed robbery he committed at 14 years old. And so I pointed the gun at him and said, this isn't a joke. And he got down. And I remember feeling kind of a surge of like, okay, this is power. Plus, my old friend Gregor and his brother try to solve my problems through hypnotism. We could give you a whole brand new thing where you're like super charming all the time.

35:33Being more able to look people in the eye. Not always hide behind a microphone. Listen to Heavyweight on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

36:07dozen intentionally bad but highly acclaimed works of expressionist poetry under the name Earn Malley in an incident that caused a media firestorm and even a criminal trial. The Earn Malley episode made fools of believers and critics alike and still fascinates poetry lovers to this day. We break down the truth, the lies, and the poetry in between on Hoax, a new podcast hosted by me, Lizzie Logan. And me, Dana Schwartz. Every episode, Hoax explores an audacious fraud or ruse from history, from forged artworks to the original fake news, to try and answer why we believe. Listen to Hoax on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

36:48Well, look, the interesting thing was, when Meade got sent to prison in November 2017, just about everybody I knew said, do not get involved in this. This will reflect poorly on the Sixers. This will reflect poorly on Fanatics. Less people will buy tickets and they're going to see you helping a criminal. And so Desiree Perez from Roc Nation, myself, we spent a lot of the next six months working every day to get him out of prison. And once we got him out of prison, Meek said to me, and I said to Meek, look, this is destiny. You got sent to prison because you were the one anointed to help fix the system.

37:28And I would, if you would have asked me before November 12th, 2017, when he got sent to prison, if you would have said to me, what do I care about from a charity perspective? It was writing checks to get people out of my office as quickly as possible. I did not care about any issues. But what Meek used to always say to me, Michael, this is a normal day for black America. And so, you know, that he had been sent to prison for a technical probation violation. It was easy for us to say, we have to change the probation and parole system. and that's what we set out to do. The interesting thing was when we finally decided to do this, which was, I guess, finally, when we did it immediately, I was trying to figure out how to come up with a goal because to me, you have to come up with big, bold goals.

38:04And this speaks to entrepreneurialism and not taking a kind of charitable approach to things. I asked a friend of mine who I don't want to name, but someone I have huge respect for. I said, you know, how many people should we try to get out of probation and parole? They said, well, how many people in the system? I said, four and a half million. They said, well, go with 10 ,000. That's a really safe number. I said, 10 ,000, let's go for a million. So we're in this less than five years. We've passed 17 bills in 11 states and created a pathway for 700 ,000 people to get off of probation and parole who shouldn't be on it.

38:37And by the way, there were four and a half million people on probation and parole when we started. There's 3.8 million people today. And what's proven, this is really important to understand. If you keep someone on probation or parole too long, you entrap them in the criminal justice system. And then what you do is you actually create a less safe outcome for neighborhoods and for environments versus if people serve their time, have the appropriate amount of rehabilitation, you know, they're on probation for the right amount of time, then they're going to go out and they're going to make, you know, a positive impact on the world.

39:05So Meek had been on probation between the time served and time left 18 years. Now in California, where we're doing this today, the governor signed it and one of the first bills that we did with Gavin Newsom, which was amazing, is a one-year cap on misdemeanor and a two-year cap on felonies. and that was like breakthrough legislation that we worked on together, you know, with many people to bring together to make that happen in the state of California. It was one of the best things we've done at the Reform Alliance. So my point is like - That's huge. We turned this negative into a positive. We then came up with a really bold goal that people thought we were nuts.

39:38When I told people a million people, like everyone looked at me like I have seven heads, but I'm like, what's the worst that happens? Like, so we get 300 ,000 people, 400 ,000 people. I'll still think we won. I don't care. You want to say we failed because we didn't get the million? And by the way, now we're going to surpass the million, I think. Wow. That's incredible. And you're so right. Most of us, when we set a bold goal, whether it's to make an impact or whether it's in business, we're actually just worrying about what everyone will think if we don't hit that goal. So I'm going to give you a great example.

40:03So today at Fanatics, we built a pretty big business in our commerce business, which is merchandise. That's where I started. That's where a lot of people know us from. By the way, we still have so much to do to be better. So many things to improve the consumer experience, to innovate more product. We're a leader in that business, the collectibles business. We're a real leader today. In the online sports betting, iGaming business, we're just starting, okay? We're gonna be, Fnatic Sportsbook just launched earlier this year. We'll be basically in just about every legal state by the end of this year under the Fnatic's brand with one wallet.

40:35I woke up and our guys, we talk about being number three. Like, you know, hey, Fandle's number one, DraftKings number two, we're number three. And, you know, sorry, we aspire to be number three. Today, we're like number eight, we're just starting. And I woke up about three weeks ago and I called our CEO, Matt King, who's amazing. I said, Matt, like we got, our goal needs to be number one. By the way, maybe we'll accomplish it. Maybe we won't. Maybe we won't be successful at all. Like the jury's out. We're investing a billion and a half dollars to try to be the top player, okay? But like, I don't want to play for number three.

41:04Number three is a loser. I want to play for number one. And so many people are going to say to me, so many people listening to this would be like, wait, you want to be number one to FanDuel and DraftKings in online sports betting and iGaming? I'm declaring right now, it's the first time I have public service. I want to be number one. I have no idea whether I have any chance of that accomplishing. But I can tell you what, I'm not waking up to try to be number three. That's a loser. And that's what's got you here. So you feel convinced that that's what it was. Do you remember the first big goal you ever set?

41:28I do. Yeah. In 2009, I made a goal. I said to our team, I said that I want to build. We were$250 million in revenue in 2010. I said, one day we could be a billion dollars in revenue. That division is$6 billion today. Okay. I said one day we could be a billion dollars. Then four years later, we said one day we could be$5 billion. And we're only just trying to come up with goals to try to measure success or failure. But I love coming up with bold goals and I don't care whether I accomplish them or fail. I care about coming up with bold goals to work against and then making huge progress against them whether I accomplish them or not.

42:07Yeah, the point is you're more likely to challenge yourself enough to come up with better strategies, more products, better customer service. Like you're actually just going to improve drastically towards that level. If you set goals that are easy to accomplish, then you're actually saying you want to fail to start with. If you come up with bold goals and by it's easier, look, I know what people are going to say. I'm an owner. It's easier to say that as an owner. Okay. And maybe sometimes you just need to set goals up that you'd say to yourself because you don't want to tell your boss that goal always.

42:35Okay. Or you're talking about here's the budgeting goal I'm giving you, but now let me tell you the real goal that I have. Okay. And so I like rallying people against big, audacious, you know, hard to achieve goals because I think you're just gonna accomplish more. Yeah, absolutely. How does this energy convert over to Michael's love life? Like how does this kind of, how does Michael in love change from Michael in business? I mean, you have to ask Camille that. I think what Camille would say is she's incredibly supportive of what I do. She knows it's what I love doing. You know, she's the most incredible mother in the planet.

43:05We have, so I have a 17 year old daughter then I have a three year old and one year old with Camille. You know, she puts as much energy as I put into work, she puts into being a mom. And I think that's what makes us great together. Would I say that, you know, I'm always the most available person? No. Does she want to, you know, kill me multiple times a week? Probably yes. But she also knows this is what makes me mean, what I love to do. And, you know, she loves being the greatest mom in the world. And we have a great relationship. But, you know, would you call my personal life or our personal life perfect?

43:30Definitely not, because I work like an animal. No, of course not. Of course not. No one has the perfect personal or professional life. But did you, the reason why I ask is, you know, it's really interesting. I always feel like, you know, so much can be solved at the point of connection. What I mean by that is I, you know, my wife's a busy person. I'm a busy person. But I've, you know, I was saying to some of my team the other day, I'm really grateful that my wife has never said to me in the last 10 years that we've been together, you don't spend enough time with me. It's because she knows who I am.

44:00She understands how I work. She knows I make time. I am present when I'm there. But she gets me like she really gets me. And she got me when we got together. yes I was very not successful when we met but she gets me and she's seen that energy grow and so she loves the time and by the way I don't say the same to her either she never hears from me like you don't spend enough time with me or you're not around if she's busy and she has to move did you know that when you met Camille how did you set that up how did that become real how did she get to know you that well because I feel like for a lot of people the way you work the way I work the way certain people work it would be unbearable and it would be a deal breaker but then it's really hard to also have an amazing life and build everything you want to build right it's so how how did you i'm just intrigued as to how you had that conversation early days yeah i'm not sure if we had the conversation it kind of just grew into what it is i think the same thing for camille or my older daughter kylie they would both say they wish that i were more available more present but they also respect and learn from my work ethic and what i do and i think you know kind of works itself out in the end, but you know, different than you.

45:07Um, I do hear from both Camille and Kylie, you know, you don't have enough time for me. You're not available enough. And sometimes that's a really good pride. And you're like, okay, you know, put your phone down and turn the ringer off for a half an hour. You know, you don't always need to grab every call. And you know what, what, what my older daughter would always say to me, Kylie is like, dad, it's always somebody important. I'm your oldest daughter. And Camille would say to me, you know, it's me, like, just let it go for a little bit. So they actually helped me whatever little balance I have I think I get from Camille and Kylie I loved what you said like you know sometimes they say I need more time but they also respect me how do you reconcile that kind of dad guilt that could come with that or and a lot of I'm not a father yet but a lot of my friends who are they'll say it's so painful watching your little girl my friends who have little girls will say it's so painful watching your little girls say daddy just stay at home with me today right like how are you how do you reconcile like this is good for them to see me work hard and I know when to like put my phone down but how do you how do you make sense with yeah well the good thing is my three-year-old and one-year-old have grown up with me like this so and so did kylie by the way so they've all seen that work ethic look kylie is everyone knows my 17 year old is with me you know all the time she travels with me all the time she's actually on a plane right now she's about to land here in a few hours so you know she you know she's with me a lot she's got a great you know kylie and camille have a great relationship that they may have a support group you know together for the two of them against me um every family's different every person's different everyone needs to do what works for them and I think I do what works for me and they do what works for them and I think they appreciate it I also know to be there when it really matters and so for me Kylie went through an experience earlier this year and she called me and it had to do with Kyle she's like cursing me out she's like like I need you to help me figure this out right now and it's about like get you good because Kylie's much smarter than me but she's not like you know she goes to the toughest school in Philadelphia and she like she wanted like some help with certain things and like I had to call around and figure out how to do that and learn and pull the letters back and ultimately we figure it out together it's like when it really matters like i'm always there and i'm good at figuring out what matters and what doesn't and so i think that could be a superpower i have which is how to prioritize i am good at figuring out when am i really needed when do i need to like you know lock in and focus it could be locking and focus on a really important business deal or it could be locking and focus on a really important moment for camille or for kylie yeah what what your daughters do for you my sister does for me she'll always be like stop being jay shetty just be my brother like you know it's like that feeling of like stop giving me that advice just be my brother and like give me a hug.

47:29Yeah, I get that from both of them all the time. My three-year-old, Romy, I'm sure will be giving me that's like within a year or two. And it's the best feeling, right? It's such a beautiful feeling because you know someone loves you and wants you to just be there for them. It's getting those moments, which you can really appreciate. So, you know, I try to get them when I can. Yeah, and Michael, that's what I'm trying to do on this podcast here. You know, I don't have a, I don't think there is an ideal way to live. I don't think there is a perfect way to approach your problems. I think that what I like to do is I like to introduce people.

47:57this is kind of my whole hypothesis in life. If I can introduce people to as many diverse people as possible that have all in their own way found purpose, impact and success, then people actually have a chance of saying, I like what they're saying, I'm going to run with that. Or actually, you know what, I never thought about it like that because I find when I was growing up, we were all exposed to the same set of people and the same set of ideas and it was so hard to break that. And it was only for me, obviously, which is my personal journey, when I met a monk at 18, I didn't know what monks were.

48:31I didn't care what monks were. I had no interest in anything spiritual. If I'd never met a monk, I would never have gone down the path of life I did. And so I'm always asking people, who's your monk? And for some people, their monk will be you. And what I mean by that is they're gonna get introduced to you and go, yeah, that's how I wanna live my life. That resonates with me. Does that make sense? It makes complete sense. I'm a huge believer in it. And I have, look, if you'd say what's the most unique thing about me, it's probably the diversification of the people around me. And I think I've built that because it's right for me because I'm learning from all these people around me.

49:03And so I've got this person, actually, it's a person who owns a local hobby shop and he keeps sending me these really long text messages. And I actually keep meaning to send back a voice note and just say, hey man, I actually appreciate your input, but I barely read. Like, I'm not that literate. Like, you're laughing, I'm dead serious. Like, I haven't read a book since ninth grade. The last book I read was in ninth grade. I read the swoosh the story about the unauthorized story about Phil Knight it's the last time I read a book okay so I'm not a good reader I'm pretty dyslexic okay so like the way I learn is by like quick conversations you know you want me to read something send me three lines and I'm actually going to read it you send me three paragraphs I'm already I'm tuned out before I start so it's like that's why I'm saying we all got to learn from each other what works for each other and that's you know what makes me me absolutely Michael you've been amazing we end every episode with a final five you'll like this each question has to be answered in one word to one sentence maximum.

49:56So it goes aligned with what you just said. So Michael Rubin, these are your final five. Question one is, what is the best entrepreneurship advice you've ever heard or received? Don't be afraid to fail. Because? Because if you're afraid to fail, you're never gonna take the shot. Like, how do you wanna be an entrepreneur? You're sitting there and you're trying to figure out, like, should I do this or not? Like, you gotta go for it. Second question, what is the worst entrepreneurship advice you've ever heard or received? Do it for the money. All right, question number three. what's something you're currently trying to learn maybe in business or in life something you're working on how to do what's best for the consumer in everything that we do like just complete consumer focus i didn't grow up as a complete consumer person so i think there's things if i look at parts of fanatics where we're not good enough we haven't been good enough i'd say it's an obsession with the consumer yeah that's what i always loved about i still love it today like when i grew up i remember the first time my parents took me to disney world and i was just like Like everything about this place is like perfectly organized for me to have the best time of my life.

50:55Yeah. And it's insane how much detail you can put into someone's experience. Yeah. I think we got our business model right. Everything I do has to be about the consumer. To win in a consumer business, it has to be about consumer first in everything you do. That's something that I'm really, it's the biggest thing I'm focused on right now. Yeah. I love that. That's beautiful. All right. Question number four. how would you define your current purpose with your impact work uh real change like to make real change not like like so many people who make impact work they write first of all writing a check is easy okay if you have money writing a check is easy like don't think because you give money away that you're making a difference like go do the work okay but making real change like measure the results treat it like a business not like you know a charity like we don't want to run the reform alliance like a charity we're running around like a business we want business results Beautiful.

51:45Fifth and final question. We ask this to every guest who's ever been on the show. If you could create one law that everyone in the world had to follow, what would it be? Couldn't be president after 65. I want the president of the United States to be an animal from a work ethic perspective. I want them to be on their A game. I want to make sure that they're maniacal about the country the way I'm maniacal about my business. One law to go in place. Max, you can't be elected to become president after 65 years old. Michael Rubin, everyone, if you've been listening and watching, Make sure that you cut the clips for TikTok and Instagram that related to you, insights that you loved.

52:17Share them. I love knowing what are the lessons you're taking away. What are you practicing? What are you implementing and putting into your life? I think everyone just got the best pep talk that they need for right now in their life. This is going to get you to those big goals. Listen to this episode. Share it with your friends. Share it with your family. I'm sure someone just needs a train to come run through their mind and break through all of the barriers that they've set up. I think Michael's that train. Michael, thank you so much. Or by the way, disagree with us. tell me you don't agree by the way i love when you disagree with me too yeah yeah totally of course if you disagree with us you can tell us too you do that anyway i don't need to ask for that thanks for having me it was a blast thank you michael such a blast i appreciate you man and thank you for being so what i appreciate about you is your clarity your commitment to that clarity and that you're still open and available to learn i think that curiosity that's what i see in you it's like complete clarity complete commitment to who you are and then still being curious that's a deadly combination so thank you well well said i'm gonna try to preach it and do it every day thank you man thank you if you love this episode you'll love my interview with kobe bryant on how to be strategic and obsessive to find your purpose our children have become less imaginative about how to problem solve and parents and coaches have become more directive and trying to tell them how to behave versus teaching them how to behave i couldn't be more excited to share something truly special with all you tea lovers out there.

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54:33Even better, Juni has zero sugar and only five calories per can. We believe in nurturing and energizing your body while enjoying a truly delicious and refreshing drink. So visit drinkjuni.com today to elevate your wellness journey and use code ONPURPOSE to receive 15 % off your first order. That's drinkjuni.com and make sure you use the code ONPURPOSE. This episode of On Purpose is brought to you by Chase Sapphire Reserve I believe that travel is one of the greatest gifts that we've ever been given And Chase Sapphire Reserve has been my gateway to the world's most captivating destinations When I use my Chase Sapphire Reserve card I get eight times the points on all the purchases I make through Chase Travel And even access to one-of-a-kind experiences Experiences like music festivals and sporting events And that's not even mentioning how the card gets me into the Sapphire Lounge by the club at select airports nationwide.

55:36Travel is more rewarding with Chase Sapphire Reserve. Trust me. Discover more at chase.com forward slash sapphire reserve. Cards issued by JPMorgan Chase Bank, NA. Member FDIC. Subject to credit approval. Terms apply. This is Jay Shetty from On Purpose. If you've ever felt off balance, sometimes a change of scenery is the best reset. Delta invited four creators to explore one idea. What if travel isn't just movement, but recharging in motion? And the results? Based on their Aura Ring sleep scores, everyone met the day feeling more rested. And a sense of clarity stayed long after the trip. With Delta, fly and live better.

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From the publisher

Do you want to set better Goals? 

Do you want to see patterns before your competition? 

Jay sits down with the CEO of Fanatics, Michael Rubin. Fanatics is a global digital sports platform that is reimagining the fan experience across many different businesses. 

Michael Rubin is a noted entrepreneur, philanthropist, and social justice advocate who has built several multibillion-dollar direct-to-consumer companies. Driven by a deep passion for business and a life-long love of sports, As growth is constant and never ending, Michael shares the value in learning from those you admire, the biggest mistake many make when building a brand and the undeniable connection between financial success and loving what you do every day.

Michael shares secrets to his mindset of continuous learning and discovers the role of pattern recognition in achieving business success. Michael shares his tips for finding incredible talent and the importance of routines for productivity, learning how to define your worth, turning negatives into positives, and setting billion-dollar goals.

In this interview, you will learn:

How to be a successful entrepreneur

How to change your mindset when building a business

How to overcome challenges and naysayers

How to be financially independent 

How to spot patterns in business 

This episode isn't just about business—it's about family and finding what truly matters to you. It's about building empires but creating a life you love.

With Love and Gratitude,

Jay Shetty

What We Discuss:

01:03 Introduction 

02:50 Pursue Your Passion for Entrepreneurship

05:05 Why Learn From the People You Admire

06:42 Evolution of Entrepreneurship

08:04 A Peek into the Trading Card Business

12:16 The Biggest Mistake when Building a Brand

14:45 Financial Success is Loving What You Do Everyday

16:17 You Don’t Stop Learning

17:32 The Role of Pattern Recognition in Business Success

19:01 The Quest for Incredible Talent

23:42 Routines to Help with Productivity

25:24 Can You Define Your Worth?

29:01 The Positive Impact of Turning Negative into Positive

34:01 The Billion Dollar Goal

35:23 Family Life in the Midst of Success

35:57 Finding Balance Between Career and Family

38:22 How to Prioritize What Matter the Most

42:23 Conclusion with Michael Rubin

Episode Resources:

Michael Rubin | Instagram

Michael Rubin | Twitter

Michael Rubin | TikTok

Fanatics

Reform Alliance

See omnystudio.com/listener for privacy information.

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